Ulfr Doom Occulta
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- Feb 16, 2010
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1099 is the form for independent contractors I believe.
If I need an independent from time to time to help with such things as couples massage, what are the limits for the 1099 form? Isnt there a certain amount they have had to made to need this form? I did a search online, and found a limit, $600.
Correct me if I am wrong...
If I pay an IC $599 or less in a calendar year, I dont need to give them a 1099. Sooo... say I pay an IC $300, am correct in thinking that $300 is a tax deductable expence for me, but I dont have to give the IC a 1099?
TIA
If I need an independent from time to time to help with such things as couples massage, what are the limits for the 1099 form? Isnt there a certain amount they have had to made to need this form? I did a search online, and found a limit, $600.
Correct me if I am wrong...
If I pay an IC $599 or less in a calendar year, I dont need to give them a 1099. Sooo... say I pay an IC $300, am correct in thinking that $300 is a tax deductable expence for me, but I dont have to give the IC a 1099?
TIA